Trade credit all-in-cost ceiling remains applicable, extending the regulatory cap on import finance and subject to review. The circular states that the existing all-in-cost ceiling on trade credits for imports into India will continue to apply until March 31, 2015 and is subject to review thereafter; all other aspects of the Trade Credit policy remain unchanged, Category I Authorized Dealer banks must inform their constituents, and the directions are issued under the Foreign Exchange Management Act without prejudice to other statutory permissions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trade credit all-in-cost ceiling remains applicable, extending the regulatory cap on import finance and subject to review.
The circular states that the existing all-in-cost ceiling on trade credits for imports into India will continue to apply until March 31, 2015 and is subject to review thereafter; all other aspects of the Trade Credit policy remain unchanged, Category I Authorized Dealer banks must inform their constituents, and the directions are issued under the Foreign Exchange Management Act without prejudice to other statutory permissions.
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